This document discusses the Schottky diode, a semiconductor diode with a low forward voltage drop and very fast switching speeds. It forms a metal-semiconductor junction, using a metal like molybdenum or platinum in contact with an N-type semiconductor like silicon. This creates a Schottky barrier and results in fast switching without the charge storage and recovery time of a conventional PN junction diode. Key advantages are voltage drops as low as 0.15V, no reverse recovery time, and operation at frequencies from MHz to GHz. Applications include rectification, switching, and protection circuits.